![]() ![]() Musk even went so far as to backtrack his promise to allow bitcoin as a form of payment at Tesla until global mining was around 50% sustainable. Big names such as Kevin O’Leary and even Elon Musk have spoken out against the rigorous process of mining, albeit after touting bitcoin to their followers in various ways. The negative impact that crypto mining has been a hot-button topic for the last few months, with activist groups rising up against the industry and even entire nations taking a stand against crypto mining. Taking a modular approach is expected to help radically scale up microgrid deployments by commoditizing standard microgrid offerings that can be pieced together.” The environmental effect of mining becoming a bigger issue “Although they are a minority portion of the market if measured by peak capacity, modular microgrids have the potential to make up most of the systems deployed over the next decade. A study from Navigant Research in Boulder, CO, stated that almost 30% of crypto mining energy will come from microgrid technology before the end of the decade. The company claims that the new method for mining will not only boost the hash rate but also cut down on electrical usage at the same time. What makes this process special for CleanSpark is the source of their power will be supplied from solar, wind, and hydroelectricity. It will allow the company to get the majority of its power from one single plant instead of chaining multiple sources together. The method in which CleanSpark is hoping to solve these issues is by utilizing what is called microgrid technology. CleanSpark claims that even the most hardcore environmentalists will be on board with the measures they are taking to protect the earth. This is done to balance out the negative impact of sustainable energy utilization.
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